PRADHAN MANTRI SURAKSHA BIMA YOJANA

In November last year, Prime Minister Narendra Modi had announced a slew of measures, including sanction of loans of up to Rs 1 crore to small and medium enterprises in 59 minutes through a special portal.

“We are looking at various options to strengthen and consolidate the financial inclusion initiatives that this government has undertaken so far. One of them is to increase the insurance coverage,” said a govt official.